Jasper Company has 62% of its sales on credit and 38% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $530,000 for April, $540,000 for May, and $565,000 for June. Total sales for March are $304,300. Prepare a schedule of budgeted cash receipts for April, May, and June. April Cash sales 38% Sales on account 62% Total sales Cash receipts from: Cash sales May June JASPER COMPANY Schedule of Cash Receipts April May June Collection of accounts receivable Total cash receipts